Why do so many businesses fail ? -

In Africa

The three biggest reasons businesses fail are:1. Inadequate sales (about 50%)2. Competitive weakness (about 25%)3. Heavy operating expenses (about 13%)Inadequate sales account for about half of all failures. That indicates that the owners either didn t prepare properly and opened up either the wrong business or in the wrong location. It could also mean that they didn t advertise and merchandise well enough to attract and keep customers.Hope this helpsJerry-the-bookkeeper